Corporate Member

McEwen shares trade on both the NYSE and TSX under the ticker MUX.

McEwen provides exposure to a growing base of gold and silver production in addition to a very large copper development project in the Americas. The gold and silver mines are in prolific mineral-rich regions: the Cortez Trend in Nevada, USA, the Timmins district of Ontario and Flin Flon in Manitoba, Canada, and the Deseado Massif in Santa Cruz, Argentina. McEwen is also reactivating its El Gallo gold and silver mine in Mexico.

The Company has a 46.3% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan, Argentina. Based on McEwen Copper’s last financing in Oct 2024, the implied value of McEwen’s ownership interest was US$456 million. Since then, the value of Los Azules has improved: 1) Copper price is 50% higher, 2) A Feasibility Study (FS) was completed using a $4.35/lb copper and 3) Los Azules received approval under Argentina’s Large Investment Regime (RIGI), significantly improving the economics of the project. Los Azules is shovel-ready project designed to be one of the world’s first regenerative copper mines and carbon neutral by 2038.

McEwen owns a 1.25% NSR on Los Azules. Based on the 2025 FS and using a recent copper spot price of $6.50/lb, McEwen’s royalty is projected to generate $584 million from the initial case and $860 million from the potential Nuton extension, for a combined undiscounted pre-tax royalty cash flow of $1.4 billion.

McEwen also owns 27% of Paragon Advanced Labs Inc., a newly listed public company deploying PhotonAssay™ units around the world, a technology that the Company believes is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of the leading service providers.

Chairman and Chief Owner Rob McEwen has invested over US$293 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX’s profitability and share value, as he did while building Goldcorp Inc.